Canopy Common Stock Shares Outstanding vs Other Stockholder Equity Analysis

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Canopy Growth financial indicator trend analysis is way more than just evaluating Canopy Growth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canopy Growth Corp is a good investment. Please check the relationship between Canopy Growth Common Stock Shares Outstanding and its Other Stockholder Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock Shares Outstanding vs Other Stockholder Equity

Common Stock Shares Outstanding vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Common Stock Shares Outstanding account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canopy Growth's Common Stock Shares Outstanding and Other Stockholder Equity is 0.58. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Canopy Growth Corp, assuming nothing else is changed. The correlation between historical values of Canopy Growth's Common Stock Shares Outstanding and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Canopy Growth Corp are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Canopy Growth's Common Stock Shares Outstanding and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Stockholder Equity

Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Canopy Growth's Tax Provision is very stable compared to the past year. As of the 7th of June 2024, Sales General And Administrative To Revenue is likely to grow to 5.23, while Selling General Administrative is likely to drop about 5.8 M.

Canopy Growth fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Net Tangible Assets	Long Term Debt	Net Receivables	Inventory	Short Long Term Debt	Short Term Debt	Intangible Assets	Property Plant Equipment
Total Assets		0.85	0.63	0.97	-0.39	-0.42	0.95	0.91	0.77	0.91	0.77	0.69	0.86	0.96	0.92	0.64	0.79	0.86	0.89	0.8	0.96	0.94	0.13	0.79	0.96	0.96
Other Current Liab	0.85		0.62	0.78	-0.1	-0.52	0.71	0.71	0.82	0.62	0.44	0.83	0.85	0.73	0.73	0.76	0.86	0.82	0.62	0.73	0.85	0.94	0.14	0.51	0.81	0.92
Total Current Liabilities	0.63	0.62		0.54	-0.04	-0.67	0.59	0.56	0.86	0.45	0.57	0.31	0.7	0.6	0.73	0.66	0.52	0.83	0.44	0.6	0.76	0.66	0.83	0.42	0.67	0.64
Total Stockholder Equity	0.97	0.78	0.54		-0.56	-0.27	0.98	0.93	0.68	0.93	0.82	0.6	0.72	0.97	0.94	0.56	0.66	0.76	0.97	0.67	0.89	0.87	0.04	0.89	0.96	0.92
Net Debt	-0.39	-0.1	-0.04	-0.56		-0.44	-0.61	-0.52	0.05	-0.57	-0.61	0.13	0.08	-0.55	-0.58	0.15	0.17	-0.02	-0.73	0.19	-0.18	-0.25	0.21	-0.82	-0.5	-0.33
Retained Earnings	-0.42	-0.52	-0.67	-0.27	-0.44		-0.25	-0.3	-0.6	-0.16	-0.19	-0.46	-0.69	-0.29	-0.33	-0.73	-0.59	-0.58	-0.08	-0.69	-0.64	-0.51	-0.51	-0.01	-0.39	-0.4
Cash	0.95	0.71	0.59	0.98	-0.61	-0.25		0.97	0.67	0.96	0.9	0.45	0.7	1.0	0.97	0.55	0.62	0.74	0.97	0.64	0.87	0.83	0.14	0.92	0.94	0.86
Cash And Short Term Investments	0.91	0.71	0.56	0.93	-0.52	-0.3	0.97		0.65	0.96	0.88	0.4	0.69	0.97	0.92	0.67	0.67	0.69	0.93	0.66	0.85	0.77	0.14	0.88	0.88	0.79
Common Stock Shares Outstanding	0.77	0.82	0.86	0.68	0.05	-0.6	0.67	0.65		0.56	0.58	0.58	0.84	0.69	0.75	0.76	0.77	0.95	0.53	0.78	0.86	0.79	0.58	0.42	0.76	0.79
Short Term Investments	0.91	0.62	0.45	0.93	-0.57	-0.16	0.96	0.96	0.56		0.87	0.41	0.68	0.97	0.87	0.48	0.64	0.66	0.93	0.66	0.8	0.75	0.03	0.87	0.85	0.77
Other Current Assets	0.77	0.44	0.57	0.82	-0.61	-0.19	0.9	0.88	0.58	0.87		0.09	0.5	0.88	0.9	0.45	0.39	0.59	0.88	0.5	0.72	0.57	0.3	0.84	0.79	0.6
Other Stockholder Equity	0.69	0.83	0.31	0.6	0.13	-0.46	0.45	0.4	0.58	0.41	0.09		0.78	0.49	0.41	0.48	0.8	0.69	0.39	0.72	0.69	0.8	-0.16	0.23	0.6	0.81
Total Liab	0.86	0.85	0.7	0.72	0.08	-0.69	0.7	0.69	0.84	0.68	0.5	0.78		0.75	0.67	0.71	0.95	0.91	0.54	0.95	0.92	0.9	0.31	0.39	0.76	0.84
Total Current Assets	0.96	0.73	0.6	0.97	-0.55	-0.29	1.0	0.97	0.69	0.97	0.88	0.49	0.75		0.95	0.57	0.68	0.77	0.95	0.7	0.89	0.84	0.16	0.88	0.94	0.87
Accounts Payable	0.92	0.73	0.73	0.94	-0.58	-0.33	0.97	0.92	0.75	0.87	0.9	0.41	0.67	0.95		0.59	0.55	0.78	0.93	0.59	0.88	0.82	0.31	0.9	0.95	0.86
Common Stock Total Equity	0.64	0.76	0.66	0.56	0.15	-0.73	0.55	0.67	0.76	0.48	0.45	0.48	0.71	0.57	0.59		0.76	0.66	0.43	0.68	0.75	0.64	0.38	0.39	0.61	0.6
Non Current Liabilities Total	0.79	0.86	0.52	0.66	0.17	-0.59	0.62	0.67	0.77	0.64	0.39	0.8	0.95	0.68	0.55	0.76		0.81	0.48	0.92	0.82	0.83	0.12	0.32	0.66	0.77
Common Stock	0.86	0.82	0.83	0.76	-0.02	-0.58	0.74	0.69	0.95	0.66	0.59	0.69	0.91	0.77	0.78	0.66	0.81		0.61	0.86	0.92	0.86	0.49	0.49	0.81	0.88
Net Tangible Assets	0.89	0.62	0.44	0.97	-0.73	-0.08	0.97	0.93	0.53	0.93	0.88	0.39	0.54	0.95	0.93	0.43	0.48	0.61		0.5	0.77	0.73	-0.01	0.96	0.89	0.8
Long Term Debt	0.8	0.73	0.6	0.67	0.19	-0.69	0.64	0.66	0.78	0.66	0.5	0.72	0.95	0.7	0.59	0.68	0.92	0.86	0.5		0.88	0.77	0.26	0.32	0.66	0.73
Net Receivables	0.96	0.85	0.76	0.89	-0.18	-0.64	0.87	0.85	0.86	0.8	0.72	0.69	0.92	0.89	0.88	0.75	0.82	0.92	0.77	0.88		0.92	0.32	0.66	0.91	0.92
Inventory	0.94	0.94	0.66	0.87	-0.25	-0.51	0.83	0.77	0.79	0.75	0.57	0.8	0.9	0.84	0.82	0.64	0.83	0.86	0.73	0.77	0.92		0.15	0.62	0.92	0.97
Short Long Term Debt	0.13	0.14	0.83	0.04	0.21	-0.51	0.14	0.14	0.58	0.03	0.3	-0.16	0.31	0.16	0.31	0.38	0.12	0.49	-0.01	0.26	0.32	0.15		0.03	0.19	0.13
Short Term Debt	0.79	0.51	0.42	0.89	-0.82	-0.01	0.92	0.88	0.42	0.87	0.84	0.23	0.39	0.88	0.9	0.39	0.32	0.49	0.96	0.32	0.66	0.62	0.03		0.84	0.7
Intangible Assets	0.96	0.81	0.67	0.96	-0.5	-0.39	0.94	0.88	0.76	0.85	0.79	0.6	0.76	0.94	0.95	0.61	0.66	0.81	0.89	0.66	0.91	0.92	0.19	0.84		0.94
Property Plant Equipment	0.96	0.92	0.64	0.92	-0.33	-0.4	0.86	0.79	0.79	0.77	0.6	0.81	0.84	0.87	0.86	0.6	0.77	0.88	0.8	0.73	0.92	0.97	0.13	0.7	0.94

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Canopy Growth Account Relationship Matchups

Canopy Growth fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	6.9B	6.8B	5.6B	2.4B	1.3B
Other Current Liab	240.4M	207.2M	139.3M	94.7M	49.1M	86.0M
Total Current Liabilities	411.7M	420.6M	284.3M	212.9M	803.8M	234.7M
Total Stockholder Equity	7.0B	4.9B	3.5B	3.6B	809.9M	500.4M
Net Debt	(677.4M)	428.3M	725.0M	629.9M	426.9M	448.3M
Retained Earnings	(777.1M)	(4.3B)	(6.1B)	(6.4B)	(7.6B)	(10.3B)
Cash	2.5B	1.3B	1.2B	776.0M	462.5M	170.3M
Cash And Short Term Investments	2.0B	2.3B	1.4B	782.6M	900.0M	964.0M
Common Stock Shares Outstanding	348.0M	371.7M	391.3M	517.3M	91.1M	180.7M
Short Term Investments	673.3M	1.1B	595.7M	105.6M	33.2M	31.5M
Liabilities And Stockholders Equity	6.9B	6.8B	5.6B	2.4B	2.8B	2.8B
Other Current Assets	79.0M	14.7M	19.1M	19.1M	23.6M	13.5M
Other Stockholder Equity	(5.9M)	2.6B	2.4B	2.5B	(13.9M)	1.7M
Total Liab	1.5B	1.7B	3.2B	2.0B	1.6B	799.8M
Total Current Assets	5.1B	2.6B	2.8B	1.7B	1.1B	371.2M
Accounts Payable	188.9M	123.4M	67.3M	64.3M	76.2M	28.7M
Non Current Liabilities Total	1.3B	2.9B	1.8B	875.2M	565.1M	862.8M
Common Stock	6.0B	6.4B	7.2B	7.5B	7.9B	28.3M
Net Tangible Assets	4.7B	2.5B	1.3B	1.5B	24.9M	23.6M
Long Term Debt	842.3M	449.0M	1.6B	1.5B	750.0M	493.3M
Net Receivables	107.0M	90.2M	92.4M	96.4M	66.8M	44.9M
Inventory	262.1M	391.1M	368.0M	204.4M	148.9M	77.3M
Short Long Term Debt	103.7M	16.4M	9.8M	9.3M	556.9M	103.9M
Short Term Debt	103.7M	56.7M	9.8M	9.3M	0.0	1.8M
Intangible Assets	519.6M	476.4M	308.2M	252.7M	188.7M	104.1M
Property Plant Equipment	1.1B	1.5B	1.1B	942.8M	499.5M	14.8M
Short Long Term Debt Total	946.0M	625.8M	1.6B	1.5B	1.7B	1.8B
Other Liab	239.1M	690.2M	1.3B	178.8M	205.7M	343.6M
Property Plant And Equipment Net	1.5B	1.1B	942.8M	499.5M	320.1M	304.1M
Non Current Assets Total	4.3B	4.0B	3.9B	1.4B	929.2M	882.7M
Property Plant And Equipment Gross	1.5B	1.3B	1.2B	499.5M	418.3M	712.0M
Accumulated Other Comprehensive Income	1.7B	220.9M	(34.2M)	(42.3M)	(48.6M)	(46.2M)
Current Deferred Revenue	900K	37.6M	41.1M	100.8M	115.9M	121.7M
Non Currrent Assets Other	22.6M	5.0M	15.3M	19.8M	24.1M	22.9M
Other Assets	22.6M	102.5M	479.5M	19.8M	22.8M	21.6M
Good Will	2.0B	1.9B	1.9B	85.6M	43.2M	41.1M
Long Term Debt Total	500.7M	1.6B	1.5B	789.6M	908.1M	831.0M
Long Term Investments	315.1M	708.3M	341.7M	568.3M	136.2M	129.4M
Non Current Liabilities Other	440.7M	613.1M	135.9M	124.9M	16.2M	15.4M

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Additional Information and Resources on Investing in Canopy Stock

When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:

How To Invest In Canopy

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Is Canopy Stock a good investment?

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What is Canopy Growth's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Canopy Common Stock Shares Outstanding vs Other Stockholder Equity Analysis

Common Stock Shares Outstanding vs Other Stockholder Equity

Common Stock Shares Outstanding vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Other Stockholder Equity

Canopy Growth fundamental ratios Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Information and Resources on Investing in Canopy Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash
Cash	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Stockholder Equity
Net Tangible Assets	+ 0.97	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Cash

Short Term Debt	- 0.82	Net Debt
Common Stock Total Equity	- 0.73	Retained Earnings
Net Tangible Assets	- 0.73	Net Debt
Long Term Debt	- 0.69	Retained Earnings
Total Liab	- 0.69	Retained Earnings
Retained Earnings	- 0.67	Total Current Liabilities